The Prompt Byte: Rising stars – Fund Wisdom
The Prompt Byte: Rising stars – Fund Wisdom
Working in technology hubs on both side of the Atlantic, we’re always keen to know more about the innovators on our doorsteps in Boston and London. Each week in our newsletter – The Prompt Byte – we interview a local startup to learn more about technology and inspiration that can be found at home.
Today, we talk with Brian Thopsey of Boston-based company Fund Wisdom, a company that connects investors and entrepreneurs with financial wisdom and investment opportunities from platforms like AngelList, SeedInvest, WeFunder and more.
Tell us a bit about Fund Wisdom and how it got started.
I always wanted to create a successful business and as I began building I learned the difficulties entrepreneurs faced accessing capital. I wished there was a company like Fund Wisdom, a place that connects investors and entrepreneurs with the financial know-how they need. So I found team members like Renato Francia Castillo, Kyle Austin of Beantown Media Ventures, Devin Basinger of Accenture, along with several other advisors and created it.
Fund Wisdom connects investors and entrepreneurs with financial wisdom. We provide investment opportunities, access to capital, and the insight needed to succeed, saving you time and money. Two things you could always use investing and raising money.
The Fund Wisdom team is made up of financial and technology professionals. We bring years of experience in business technology, financial engineering, and early-state capital formation to our clients. We believe we can improve the investment process and bring transparency to the market, providing insight to both investors and entrepreneurs
What does innovation mean to you?
Innovation is ‘the grind’ – the countless hours entrepreneurs put in to disrupt existing business. These acts of immense effort by teams of incredibly passionate people make life better and improve society as a whole. Now when I discover inventive products and solutions I obsess over how they came to be. Books like ‘The Hard Thing about Hard Things by Ben Horowitz’ and ‘Founders at Work: Stories of Startups’ Early Days’ by Jessica Livingston describe the grind and what it takes to come out alive. We believe we can bring innovative approaches to financial markets, but understand the only way we will succeed is through dedication to our vision.
Why is New England such a hotbed for innovation?
The top schools, thinkers, dreamers, and investors are in New England. In fact, Massachusetts is the second most venture-funded state in the US. This must be why we see so many awesome companies, and new entrepreneurial resources being created. Companies like Wayfair, Acquia, Adharmonics have been achieving incredible results. Offices for startups are popping up everywhere, like NGIN Workplace where we currently work, and incubator programs like MassChallenge and FinTech Sandbox spur this success. I’m proud to have spent my professional career in the greater Boston area. I feel lucky to be in this incredible place that fosters innovation.
Do you have any concerns about New England’s growth and innovation culture?
Competing for talent with the West Coast has and continues to be a concern. I believe the community at large is shifting to improve the region’s competitiveness, but still has a way to go. We are having success attracting bright experienced students to our internship programs, but I am concerned as we grow and need to hire more full time employees.
What are some of the trends and challenges you’ve seen in the New England tech scene?
We cover four firms currently raising money publicly online, two in Massachusetts, one in New Hampshire and one in Maine. In the short period of time we have been covering the industry we have seen two firms in Massachusetts exceed their goals and successfully raise capital.
If you weren’t based in New England, which city would you want to be based in and why?
San Francisco due to its concentration of technology firms, amount of venture investment, and equity funding platforms. The idea of improving our proximity to these firms is attractive, but we feel lucky to be located in Boston and have no intentions to leave.
Name a piece of technology you’ve bought personally that you love and why you bought it.
Targeted online advertising platforms. I am surprised by the results from the targeted advertising through search engines, Twitter, and Facebook that we have run. We are targeting accredited investors, or high net worth individuals which I assumed would be very expensive to acquire, and are getting some to sign up with a tiny budget.
Would you like to be our next rising star? Get in touch with us at email@example.com!